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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #24,641
  • Aug 25, 2013 4:19pm Aug 25, 2013 4:19pm
http://donovan-ang.blogspot.sg/search/label/Gold
he says gold will go to 1550 and then 950 dollars.

he mentioned about 900 dollars at 07 April 2013 when price was 1569 dollars.
  • #24,642
  • Aug 25, 2013 5:36pm Aug 25, 2013 5:36pm
Quoting emirfas1
http://donovan-ang.blogspot.sg/search/label/Gold he says gold will go to 1550 and then 950 dollars. he mentioned about 900 dollars at 07 April 2013 when price was 1569 dollars.
A quick peak shows this garbled analysis is not worthwhile.

Claims you lose money by using technical analysis (because the insiders use this against you) and also pretends to have some inside information. Either may be true, but unsubstantiated claims are not helping his credibility.

After a correct call to short last July, this guy seems to have an inflated ego.

If he does have inside information, then why would he share it on this blog? I look forward to when he can "reveal fully and nakedly with proofs when the time is ripe" all of his inside information about market-makers. Apparently, fair price has been set at $1300....because that's how markets work.

Might even take a peek back to see if he will share the proofs. I am a skeptic.
  • #24,643
  • Aug 25, 2013 8:20pm Aug 25, 2013 8:20pm
To Scalptastic:
Hi, how do you get those resistance and support line, previous highs and lows, especially the 1273.95 line,I don't see any high or low on that point before, thanks.
  • #24,644
  • Aug 25, 2013 11:28pm Aug 25, 2013 11:28pm
Attached Image (click to enlarge)
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  • #24,645
  • Aug 26, 2013 12:11am Aug 26, 2013 12:11am
maybe ichimoko give some better look ahead, ressistance at 1381.2 and 1375 wait to see
  • #24,646
  • Aug 26, 2013 12:43am Aug 26, 2013 12:43am
So fall or fly ?
  • #24,647
  • Aug 26, 2013 1:24am Aug 26, 2013 1:24am
Quoting alam88009
So fall or fly ?
Fall in Love soon 1430 Short Order and 1440 short order SL 1465 ( I dun blve in SL )
  • #24,648
  • Aug 26, 2013 3:00am Aug 26, 2013 3:00am
has anyone use this people? are they legit
http://tradersunion.com/?ref=11036
  • #24,649
  • Aug 26, 2013 3:25am Aug 26, 2013 3:25am
Quoting Wheels
{quote} A quick peak shows this garbled analysis is not worthwhile. Claims you lose money by using technical analysis (because the insiders use this against you) and also pretends to have some inside information. Either may be true, but unsubstantiated claims are not helping his credibility. After a correct call to short last July, this guy seems to have an inflated ego. If he does have inside information, then why would he share it on this blog? I look forward to when he can "reveal fully and nakedly with proofs when the time is ripe" all of...
I can't understand some of your complicated sentences, sorry my english is weak.I don't know whether you checked his old gold articles. whatever he told, happened right now.Date 7 april 2013 price was 1550.he told price will drop and it dropped.Date 14 april 2013, he told you can buy between 1200 and 1150, and price turned from 1180.Date 14may, he told price will go to 1500 and we came to 1400.and now you say his analysis is worthless.you say he has inflated ego,he pretends as if he has inside information. i don't care man. if he helps me to make money, he is good for me who cares his ego? I don't say, close your eyes and follow him.he started to buy jpy from 98 level, I think he is wrong, because usdjpy chart is in triangle and it can break north, he is buying jpy when price is in triangle. but his gold analysis are consistent. anyway I saw a good analysis page and just wanted to share address. all the thing that you do is criticizing others. .if you know someone who can see future better, give me his blog or twitter address, I'll read his articles.
  • #24,650
  • Aug 26, 2013 3:47am Aug 26, 2013 3:47am
I think the buyers of gold need a nuclear bomb to break 1414
I'm short @ 1403 and let's see...
  • #24,651
  • Aug 26, 2013 4:13am Aug 26, 2013 4:13am
Quoting emirfas1
{quote}. .if you know someone who can see future better, give me his blog or twitter address, I'll read his articles.
nobody can read the future - if you want predictions go to an astrologer or look at chicken entrails ...

however back in the real world technical analysis is about eliminating the improbable to give yourself the best chance of making a winning trade.

fwiw i subscribe to coghlan capital - xtrade has posted some of beeb's/ben's charts and i suggest you check them out - there is a free webinar there today that you may wish to attend


http://www.coghlancapital.com/node/6650



or there is a thread in the commercial secion

http://www.forexfactory.com/showthread.php?t=443273
  • #24,652
  • Aug 26, 2013 6:37am Aug 26, 2013 6:37am
Quoting emirfas1
{quote} I can't understand some of your complicated sentences, sorry my english is weak.I don't know whether you checked his old gold articles. whatever he told, happened right now.Date 7 april 2013 price was 1550.he told price will drop and it dropped.Date 14 april 2013, he told you can buy between 1200 and 1150, and price turned from 1180.Date 14may, he told price will go to 1500 and we came to 1400.and now you say his analysis is worthless.you say he has inflated ego,he pretends as if he has inside information. I don't care man. if he helps me...
Only time will tell. He is "buddies" with davidsayli who made similar predictions. Once right, then dead wrong. I think it is important that new traders are not taken in by people like this. I don't mean to be negative. I have thanked x, sun trader, beeb, bemac, and others for educational input. Anyone so sure of themselves (like the guy in this link) is often found to be a fraud. One accurate (lucky) call does not make anyone a market oracle. His reasons are not enough for me. Feel free to follow him, but I would counsel anyone new to this business to be cautious.
  • #24,653
  • Aug 26, 2013 6:46am Aug 26, 2013 6:46am
Quoting andan
I think the buyers of gold need a nuclear bomb to break 1414 I'm short @ 1403 and let's see...
Why? I am open to the possibility, but what is your reason to think 1414 is a major resistance?
  • #24,654
  • Edited 12:35pm Aug 26, 2013 12:12pm | Edited 12:35pm
if my EW is correct, (see post of 19thAug )

i see a beautiful EW 1,2,3,4, 5 going to 1420 ... then there must be ABC after that .... will the Powers-Be oblige ?

only Time will tell .
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  • #24,655
  • Aug 26, 2013 12:13pm Aug 26, 2013 12:13pm
Quoting andan
I think the buyers of gold need a nuclear bomb to break 1414 I'm short @ 1403 and let's see...
agree, but I have a long time target XAG/USD -> 40.x - 42.x
later 2014 probably,
strong bull starting december / jan 14,
as bernanke leaves his FED seat.
  • #24,656
  • Aug 26, 2013 12:14pm Aug 26, 2013 12:14pm
http://elliottwavestockmarket.com/20...t-august-2013/


Instresting reading
  • #24,657
  • Aug 26, 2013 12:59pm Aug 26, 2013 12:59pm
Quoting TheArcher
if my EW is correct, (see post of 19thAug ) i see a beautiful EW 1,2,3,4, 5 going to 1420 ... then there must be ABC after that .... will the Powers-Be oblige ? only Time will tell . {image}
Looks plausible. 1,420 or maybe a stretch a bit higher, before we get more indication of overall intermediate trend and/or moves by central banks.
"The market can remain irrational longer than you can remain solvent"
  • #24,658
  • Aug 26, 2013 4:34pm Aug 26, 2013 4:34pm
Quoting Bo_fajer
http://elliottwavestockmarket.com/20...t-august-2013/ Instresting reading
I want to spur discussion, so please do not take this as an attack.

Technical indicators call for a buy, but Lara claimed the price was turning near 1399?

My biggest issue with Elliott Wave is that there are no practitioners that use the theory in the exact same way.

That said, it is clearly a very important trading theory and one that warrants close study. I just think it is alarming when a theory based on herd mentality goes against technical indicators used by hoards of others.

Just take a look:

http://www.investing.com/commodities/gold-technical

I prefer fibo based indicators on the long term chart confirmed by the basics (RSI, MACD, stochastics, etc). Perhaps this is a different approach to trading altogether. I am still learning - always learning. Would love to hear your perspective.
  • #24,659
  • Aug 26, 2013 8:21pm Aug 26, 2013 8:21pm
Quoting Wheels
{quote} I want to spur discussion, so please do not take this as an attack. Technical indicators call for a buy, but Lara claimed the price was turning near 1399? My biggest issue with Elliott Wave is that there are no practitioners that use the theory in the exact same way. That said, it is clearly a very important trading theory and one that warrants close study. I just think it is alarming when a theory based on herd mentality goes against technical indicators used by hoards of others. Just take a look: http://www.investing.com/commodities/gold-technical...

I don't use EW at all and will likely never. There is a member here named infinitus, that seems to make logic out of what seems to be a COMPLETELY SUBJECTIVE way of trading, JUST IMO.

However all EW trader, post your charts if you like.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,660
  • Aug 26, 2013 8:22pm Aug 26, 2013 8:22pm
Quoting openyoureyes
{quote} agree, but I have a long time target XAG/USD -> 40.x - 42.x later 2014 probably, strong bull starting december / jan 14, as bernanke leaves his FED seat.
all this will likely happen.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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